Three Greensboro Apartment Community’s Totaling 456 Units Sold

According to this article in the Triad Business Journal, three Greensboro apartment communities were sold to a joint partnership of TerraCap Management LLC and Willow Creek Partners LLC. The properties included Terrace at Olde Battleground (156 units), Terrace Oaks (120 units) and Madison Woods (180 units). The total paid for all three was $36 million, and according to the director of acquisitions for TerraCap there’s a good reason they’ve targeted Greensboro.

“Our interest stems from the fact that Greensboro has seen impressive growth that we believe will continue, and we think this portfolio is an outstanding investment with growth opportunity for TerraCap and Willow Creek Partners,” said Steve Good, partner and director of acquisitions for TerraCap.